Topic: why developers and teams have laid off their crypto projects (Read 102 times)
Sometimes they make mistakes that cause a loss of public trust in the project, for example, often do not follow the roadmap that has been set, apply wrong marketing such as listing on exchanges that have a low reputation that can make prices go down even more, not being active in the discussion groups they create, etc.
They're paid to start the project but not with the development. As you see, there are bunch of projects without any solid development and most likely, the owners of those projects just paid a developer and left them when it's already done. It is why it's very important to choose a project that has a solid development not just plan so your money is worth for each investment you'll do with those projects.
but sometimes even if they have comprehensive roadmap, still not an assurance that they can truly fulfill their objectives. imo, the most common reason why a lot failed is because of #1 item from the op's list. they really have no intentions to develop their project in the first place so they are focusing on how they can extract funds from those gullible buyers.
or in some cases, dev team has the passion but later on, once their funds dried out, they have no choice but to abandon the project. and investors are blind on that matter, as they can't see what's really going on within their developments
The number 1 is true and many have been doing that, that's why some of those experienced developers are also selling themselves for those aspiring possible project makers and sells their services to make a start.
The 7 reasons you mentioned meet the criteria for developers to terminate their crypto project, reasons number 1 and 3 are very common and make sense.
- The scam project will be clearly visible from the website, whitepaper, and anonymous team, usually project like this offer large prizes for raising money from their victim.
- When a project is underfunded, the team was forced to stop the project they were running, the funding factor has a big influence on the team to develop their project. Usually this factor occurs because of the occurrence of point number 4.
- The scam project will be clearly visible from the website, whitepaper, and anonymous team, usually project like this offer large prizes for raising money from their victim.
- When a project is underfunded, the team was forced to stop the project they were running, the funding factor has a big influence on the team to develop their project. Usually this factor occurs because of the occurrence of point number 4.
They're paid to start the project but not with the development. As you see, there are bunch of projects without any solid development and most likely, the owners of those projects just paid a developer and left them when it's already done. It is why it's very important to choose a project that has a solid development not just plan so your money is worth for each investment you'll do with those projects.
but sometimes even if they have comprehensive roadmap, still not an assurance that they can truly fulfill their objectives. imo, the most common reason why a lot failed is because of #1 item from the op's list. they really have no intentions to develop their project in the first place so they are focusing on how they can extract funds from those gullible buyers.
or in some cases, dev team has the passion but later on, once their funds dried out, they have no choice but to abandon the project. and investors are blind on that matter, as they can't see what's really going on within their developments
I thought that if the only relevant reason should be number one. They were totally scammers since the project was launched. They were only creating the project as a money grabber only. In my opinion, whatever they were stopping to develop the project and this will always be done by the scammers. The scammers have so many ways to avoid the investors to take legal action against them.
All of the reasons besides the number one must be the trick that used by scammers to fool the investors. I have seen so many scammers were creating fake projects and they keep it up with the garbage development progress but zero results.
A project like EON has become the best example of how the scammers were working to make the investors will not take legal action against them. that's why they were still giving an update to the investors about that.
These scammers were thinking if when they were always telling the investors about their promises and they can run away with the money without being threatened by the investors to put them all into the jail.
All of the reasons besides the number one must be the trick that used by scammers to fool the investors. I have seen so many scammers were creating fake projects and they keep it up with the garbage development progress but zero results.
A project like EON has become the best example of how the scammers were working to make the investors will not take legal action against them. that's why they were still giving an update to the investors about that.
These scammers were thinking if when they were always telling the investors about their promises and they can run away with the money without being threatened by the investors to put them all into the jail.
They're paid to start the project but not with the development. As you see, there are bunch of projects without any solid development and most likely, the owners of those projects just paid a developer and left them when it's already done. It is why it's very important to choose a project that has a solid development not just plan so your money is worth for each investment you'll do with those projects.
2-7 is conditional but most of the time is number 1
The reason is, how easy you're doing a scam on cryptocurrency because is online and most people can't do any research. What they can do, sometimes following such influencer who accept or offering promotion for a scam project.
Education your self!
The reason is, how easy you're doing a scam on cryptocurrency because is online and most people can't do any research. What they can do, sometimes following such influencer who accept or offering promotion for a scam project.
Education your self!
The main reason? Of course, apart from scams, because that's the most common reason but those projects go exit scam rght after ICO. The main reason is human nature. Normally you take a loan and develop your business. You are risking your money. You are highly motivated to make your idea work, you think how to spend every penny because it is money that is your debt. In crypto, you run an ICO and in a few days you have several million to develop the project. It's not a loan, so you don't have to pay it back. It's investors risk, not yours. So you spend money carelessly, starting with a lambo and a house with a pool (because how to develop a large project from a studio apartment or mom's house). You lose motivation swimming in your pool, driving your lambo. You abandon you project. The excess of money, released in wrong moment, has already destroyed many people and many ideas
In normal world you get reward after finishing product and finding user base. In crypto you get reward in advance. Thats the main reason "teams laid off their crypto projects". Because they already received reward. Project is an cost now.
In normal world you get reward after finishing product and finding user base. In crypto you get reward in advance. Thats the main reason "teams laid off their crypto projects". Because they already received reward. Project is an cost now.
There are several reasons why developers and teams have laid off their crypto projects. The possibilities are:
1. They are scammers (this is the worst)
2. They have no strong intention of making the project a success.
3. They are under-funded or have no enough funds to continue the project
4. They did not reach the minimum total they should have sold
5. They just want to make a project but they don't develop it well, so their project stalled
6. They know their project is likely to fail for some reason so it's better to back off at the beginning rather than continue and just make a loss
7. they just want to raise money regardless of the fate of their investors
1. They are scammers (this is the worst)
2. They have no strong intention of making the project a success.
3. They are under-funded or have no enough funds to continue the project
4. They did not reach the minimum total they should have sold
5. They just want to make a project but they don't develop it well, so their project stalled
6. They know their project is likely to fail for some reason so it's better to back off at the beginning rather than continue and just make a loss
7. they just want to raise money regardless of the fate of their investors
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